“Progressive” ultra-liberals threatened to take down the establishment wing of the Democrat party in 2016. Those progressives were led by media organizations like The Young Turks, who recently received $20 in funding to grow.
But that funding appears to have come from the establishment in a play to woo the network rather than prop them up.
It was recently announced that The Young Turks Network, led by Cenk Uygur, had secured $20 million dollars in funding to bolster their business/media presence. But while Cenk Uygur attempts to sell his brand to the public as a progressive alternative media outlet, facts reveal that this is nothing more than a façade meant to lure young liberal pragmatists into buying into a hidden corporatist agenda.
The $20 million in funding is slated to be used to increase the size of the TYT newsroom and for business operations – but where did the money actually come from?
Far from being an independent progressive news source, as they proclaim to be, the TYT network is now being supported by your run of the mill corporatist Clinton money machine. Although attempting to publicly operate as an insurgent progressive activist outlet – think Bernie Sanders – the financial backing by the aforementioned entities reveals something vastly different.
3L Capital – put together by hedge fund venture capitalist from Netherlands, Dr. Peter Paul De Vries.
Greycroft Partners – venture capital fund run by Alan Patricof — Patricof has been active in Democratic Party politics, contributing to candidates including Bill and Hillary Clinton, whom he met in the Hamptons when they were there guests of lobbyist and Democratic activist Liz Robbins. Greycroft Partners pumps money into the Clinton slush funds so their businesses can curry favor from the government in an effort to maximize profits on the companies they are invested in.
Jeffrey Katzenberg – Hollywood mogul & film producer, Disney, Dreamworks Animation — Katzenberg has been actively involved in Democratic politics. He actively supported Barack Obama, and has been called “one of Hollywood’s premier political kingmakers and one of the Democratic Party‘s top national fundraisers.”
To give you an idea of how enmeshed Katzenberg is in run of the mill corporatist Democratic Party politics, he co-hosted a fundraiser for President Obama at the home of actor George Clooney in May 2012, with the event reportedly raising nearly $15 million.
It's not surprising that the Clinton machine needs to woo an organization like The Young Turks with cash. Their message is no longer compelling, as the 2016 election proved.
So, instead of competing with the trendier progressives, they're buying them out.
Source: The Free Thought Project